Jefferies Reiterates Bullish Stance on Dunkin' Brands (DNKN) on Dividend Initiation

Jefferies reiterated its Buy rating and $32 price target on Dunkin' Brands (NASDAQ: DNKN) after the company initiated its first quarterly cash dividend of $0.15.

They commented, "While generally expected, the dividend is slightly higher than anticipated at a 2% yield, and compares favorably to competitors in QSR (vs. MCD 2.8%, YUM 1.7%, SBUX 1.4%). In our view, the dividend should help to broaden the potential investor base for the stock."

For an analyst ratings summary and ratings history on Dunkin' Brands click here. For more ratings news on Dunkin' Brands click here.

Shares of Dunkin' Brands closed at $28.43 yesterday.

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